One New Speculative CANSLIM Long Position, One New Speculative Long Position, And One Stock I Am Adding To My Existing Long Position For Tuesday’s Stock Market Session

January 28, 2008

The two new longs are both Medical stocks which to those reading this site for a while should be no surprise. Neither one are perfect and both show some heavy volume on the pullback leading to this bounce. So that could end up being a problem. But considering where these stocks sit at relative to their 50 day moving average compared to the gains they could return if they work it seems like both are worth a poke. Especially with them both being over $40. It is not like they are trash $5 stocks. CZZ is a great IPO Ag stock with a nice green chart but it has gotten very wild and the sector seems toppy so be careful with that one.

new speculative CANSLIM long position: PPDI

PPDI is bouncing off of support near the 50 day moving average that is also at the pivot point area of the early January breakout, on strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

ppdi28__Large_.PNG

new speculative long position: HWAY

HWAY is bouncing off support at the pivot point area near the 50 day moving average, on strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

hway28__Large_.PNG

adding to existing long position: CZZ

CZZ is bouncing off recent support near the 50 day moving average, on strong volume. This stock chart is very pretty but I have a problem with how wide and loose the price pattern has become and the fact that it is doing that at the early January breakout area. At least there is strong accumulation and the BOP is green. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

czz28__Large_.PNG

Last 5 posts in Free Archives Longs

Posted by Joshua Hayes | Filed Under Free Archives Longs 

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